Tag
VAT
news and stories about VAT
The Nigerian Government revealed that it plans to recover N553 billion in unremitted taxes owed by international petroleum shipping companies operating in Nigeria.
The Fiscal Policy Partner and Africa Tax Leader at PwC, Mr Taiwo Oyedele, stated that market traders under the VAT Direct Initiative will have exemptions if their business does a turnover of less than N25 million.
FG partnering with MATAN to collect and remit Valued Added Taxes from their members, especially those in the informal sector.
Premium Bread Makers Association of Nigeria expresses concern over the impact of economic reforms on their industry.
Nigeria's Value Added Tax (VAT) recorded a quarter-on-quarter increase of 1.75%, rising from N697.38 billion in Q4 2022 to N709.59 billion in the first quarter of 2023.
Nigeria’s Manufacturing, ICT, Mining sectors lead industries with highest VAT remittances in H1 2022
VAT revenue in the first half of the year increased by 11.7% to N1.19 trillion from N1.06 trillion generated in the second half of the previous year.
Nigeria records a total of N600.15 billion from Value Added Tax (VAT) in Q2 2022, indicative of a 17.16% on a year-on-year basis.
The total VAT collected in Q1 2022 was N588.6bn, an improvement of 18.6% y/y and 4.4% q/q compared to N496.3bn in Q1 2021...
The manufacturing, information and communication, and mining sectors led the list of sectors with highest VAT remittances in the first quarter of 2022.
The Attorneys General of the 36 states of the Federation are scheduled to meet on Wednesday in Lagos to discuss several critical legal issues...
The government enjoyed the best of both worlds as the economic recovery spurred growth in both VAT and CIT collections.
Nigeria generated its highest-ever valued added tax collection of N2.07 trillion in 2021, improving by 35.4% year-on-year.